Three Musicians

Lot Notes

CERTIFICATE OF PROVENANCE
All works from the Andy Warhol Foundation for the Visual Arts will be sold with a Certificate of Provenance, indicating the work originates from the Estate of Andy Warhol, and thence, the Andy Warhol Foundation for the Visual Arts. Christie's will maintain a database of these purchases which will be used to substantiate provenance in the future and supply relevant information to the Andy Warhol Catalogue Raisonné.

Further, each work is stamped with Estate of Andy Warhol and The Andy Warhol Foundation for the Visual Arts, Inc. stamps unless the work cannot physically be stamped whereas a separate document containing the stamps will accompany the work, or when the work is a signed and numbered editioned print.

NOTICE FOR COMPANY BIDDERSIf you are bidding on behalf of an entity and the entity already has a MyChristie's account, the company's name will need to be entered as part of the registration process.

If your company does not already have a MyChristie's account, you cannot register online at www.onlineonly.christies.com. You will first need to create a MyChristie's account. In either situation, Christie's may require that company to provide certain documents or meet certain qualifications as set forth below. If you registered as a company bidder, your company will need to pay for any purchases via a credit card issued to the company account and not a personal account. Christie's is not able to honor any reseller's certificates through the online-only auction process for this sale and cannot grant any exemption upon check-out for applicable sales tax. Successful company bidders will be charged sales tax, if applicable, as part of the check-out process. Buyers claiming exemption and a refund must provide Christie's with the appropriate valid and up-to-date documentation and Christie's will facilitate the process of a refund if possible.

CHRISTIE'S INTEREST IN PROPERTY CONSIGNED FOR AUCTIONWhere Christie's has a direct financial interest in lots consigned for sale, which may include guaranteeing a minimum price or making an advance to the consignor that is secured solely by consigned property, the lot description for such lot will include language indicating such interest. The language will apply both in cases where Christie's holds the financial interest on its own, and in cases where Christie's has financed all or part of such interest through third parties.

PROPERTY INCORPORATING MATERIALS FROM ENDANGERED AND OTHER PROTECTED SPECIESProperty made of or incorporating (irrespective of percentage) endangered and other protected species of wildlife are marked with the symbol ~ in the lot description (or are identified in the lot description with language indicating as such). It is the client's responsibility to determine and satisfy the requirements of any applicable laws or regulations applying to the export or import of property containing endangered and other protected wildlife material. The inability of a client to export or import property containing endangered and other protected wildlife material is not a basis for cancellation or rescission of the sale. Lots containing potentially regulated wildlife material are marked as a convenience to our clients, but Christie's does not accept liability for errors or for failing to mark lots containing protected or regulated species.

The condition of lots can vary widely and the nature of the lots sold means that they are unlikely to be in a perfect condition. Lots are sold in the condition they are in at the time of sale.

There is a slight tear on the upper left paper edge that is part of the artist process. There is a soft handling crease on the upper right corner. There is a minor accretion in the lower right quardrant.

Additional Charge Details

Additional charges, including buyer’s premium, valued added, sales or compensating use tax or equivalent tax, any and all shipping expenses, including
costs, packing and handling, any loss damage liability fees, and all other applicable charges will apply.

In addition to the hammer price (final bid price) of each lot, the winning bidder will be responsible for a buyer’s premium for each lot sold. The buyer’s
premium is 25% of the hammer price of each lot up to and including $100,000, 20% of the excess of the hammer price above $100,000 and up to and including
$2,000,000, and 12% of the excess of the hammer price above $2,000,000.

New York Sales tax or valued added tax, sales or compensating use tax of any applicable jurisdiction will be collected before the lot can be released. It
is the buyer's responsibility to ascertain and pay all taxes due. For international buyers, the terms of sale are Delivered Duty Unpaid (DDU) and duty,
sales tax and any other charges will be the sole responsibility of the buyer to be paid prior to shipment and/or delivery. The winning bidder will also be
responsible for any and all shipping expenses, including costs, packing and handling, and any loss damage liability fees. Provided that your purchased lots
are paid for in full, cleared funds by the payment deadline, Christie’s will store your lots free of charge until the relevant deadline for shipment, at
which time purchases will be shipped to you at your expense and pursuant to the instructions you provide at time of payment. Christie's will provide loss
damage liability for purchased lots when arrangements are made for such lots to be shipped to you at a rate of 1% (one percent) of the total purchase
price.

Payment Information

You must pay the full amount due (comprising the hammer price, buyer’s premium, any applicable value added, sales or compensating use tax or equivalent
tax, any and all shipping expenses, including costs, packing and handling, any loss damage liability fees and all other applicable charges) no later than
11:59 p.m. (EST) on November 1st, 2013. This applies even if you wish to export the lot and an export license is, or may be, required. You will
not acquire title and own the lot until all amounts due to Christie’s have been received by Christie’s in full, cleared funds.

Payment must be made by credit card. We will accept credit cards with a Mastercard, Visa, Discover (including Diners Club International and JCB), American
Express or China Union Pay (if the China Union Pay credit card has a Visa or Mastercard logo) logo. Other methods of payment will not be accepted.
Christie’s will only accept payment from the registered bidder – individual or entity. If you registered and bid as an entity in accordance with the
Conditions of Sale and Terms of Use, the entity will need to pay for any purchases via a credit card issued to the entity account.

Delivery:
Provided that your purchased lots are paid for in full, cleared funds by the payment deadline, Christie’s will store your purchased lots free of charge
until the relevant deadline for shipment, at which time purchases will be shipped to you at your expense and pursuant to the instructions you provided
at the time of payment.
You must indicate if you wish to have your purchases shipped domestically or internationally at the time of check-out. Payment for your purchase, including
any applicable charges for shipping, and a provision of your final shipping destination, must be returned to Christie’s by the payment deadline to qualify
for this extended free-of-charge storage. If shipping arrangements have not been confirmed for any items sold or such items have not been paid for in full,
cleared funds by the payment deadline, administration and handling fees may be charged at Christie’s full discretion. If such shipments can be facilitated,
purchases will be shipped to the address you provide at check-out. The buyer must ensure that a valid delivery address is provided. P.O. boxes are not
acceptable for delivery addresses. The buyer is responsible for paying any shipping charges if property is returned to the seller/Christie’s due to the
recipient’s failure to provide a valid delivery address or the lack of a recipient to sign and accept delivery where necessary.

In addition to the hammer price, buyer’s premium and any applicable value added, sales or compensating use tax or equivalent tax, you will be responsible
for any and all shipping expenses, including costs for packing and handling, and any loss damage liability fees, as well as other applicable charges.
Christie’s will provide loss damage liability for purchased lots when arrangements are made for such lots to be shipped or delivered to you at a rate of 1%
(one percent) of the total purchase price. This will be charged at check-out and will cover loss, theft, damage or breakage.

Non-payment:
If the buyer fails to make payment in full, cleared funds by the payment deadline, Christie’s will be entitled in Christie’s absolute discretion to
exercise one or more of the following rights or remedies (in addition to asserting any other rights or remedies available to us by law):
(i) To charge interest at such rate as we shall reasonably decide;
(ii) To hold the defaulting buyer liable for the total amount due and to commence legal proceedings for its recovery together with interest, legal fees and
costs to the fullest extent permitted under applicable law;
(iii) To cancel the sale;
(iv) To resell the property publicly or privately on such terms as Christie’s and the seller shall think fit, and the buyer shall be liable for payment of
any deficiency between the total amount originally due to us and the price obtained upon resale as well as for all costs, expenses, damages, legal fees and
commissions and premiums of whatever kind associated with both sales or otherwise arising from the default;
(v) To pay to the seller an amount up to the net proceeds payable in respect of the amount bid by the defaulting buyer;
(vi) To set off against any amounts which we, or Christie’s International plc, or any of its affiliates, subsidiaries or parent companies worldwide, may
owe to the buyer in any other transactions, the outstanding amount remaining unpaid by the buyer;
(vii) To reject at any future auction any bids made by or on behalf of the buyer or to obtain a deposit from the buyer before accepting any bids;
(viii) To exercise all the rights and remedies of a person holding security over any property in our possession owned by the buyer, whether by way of
pledge, security interest or in any other way, to the fullest extent permitted by the law of the place where such property is located. The buyer will be
deemed to have granted such security to us and we may retain such property as collateral security for such buyer's obligations to us; and/or
(ix) To take such other action as we deem necessary or appropriate.

Lot Essay

Warhol honed his drawing skills since his early childhood; he was encouraged to draw by his mother Julia Warhola who enrolled him in classes at the Carnegie Museum of Art. The artist would later win awards in High School for his drawings and he would go on to perfect his craft at the Carnegie Technical Institute (now Carnegie Mellon University) which he graduated from in 1949. He moved to New York City and, in the 1950's, filled his sketchbooks with freehand drawings of friends, still life objects and the whimsical subject matter that would define his early work.